The week ends with a tug-of-war in tech. MongoDB delivered a strong Q1 beat and raised its FY27 outlook. Analysts lifted targets in response. But short sellers are not backing down — they added positions into the post-earnings rally. Meanwhile, Snowflake has analysts chasing targets higher ahead of its Monday print. UBS set a $325 target. Options activity across 14 expiry dates signals broad trader interest well beyond this week.
Semiconductor stocks are racing toward their biggest gains since the dotcom era. The Philadelphia Semiconductor Index is up 75% in 2026, riding Big Tech's data centre spending wave. SentinelOne reported results overnight. Options traders turned cautious immediately after the print — a sign the bar was high and the beat may not have cleared it cleanly.
Short sellers are building positions ahead of a heavy earnings week. Asana carries 20% short interest of free float heading into its June print. short interest hit 134% of free float — up 26 points in a week. Bears are pressing aggressively on the cash-burning chip maker.
European stocks slid Thursday, but defense names rallied after Ukraine ratified a $105 billion EU loan deal. Oil remains a macro wildcard. Chevron's CEO warned of a summer price jump as Strait of Hormuz blockades remove up to 13 million barrels per day from global supply. Dulux maker AkzoNobel soared after rejecting a $14.5 billion rival bid.
Bill Gates filed $87M in purchases of Republic Services this month. On the sell side, Twilio board director Andy Stafman filed $315M in sales this week — a significant exit near multi-year highs.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
